Attractive Market Opportunities in the Rammers Market by 2025
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Global Rammers Market: Drivers & Restraints
With growth in industrial and infrastructural sector in the fast pace economies globally, there has been heavy expenditure on the road maintenance and infrastructural projects, creating demand for rammers globally. According to Energy Technology Perspectives (ETP) it is estimated that the world will need to add nearly 25 million paved road lane kilometres as only 60 % of roads are paved globally. The enhancement and establishment of modern roads and development in emerging economies such as India and China are major growth drivers of global rammer market. Understanding the importance of road maintenance globally is proving to be very effective to reduce the number of accidents, ultimately driving global rammer market during the forecast period. Reuse and rental market for road machinery are trends prevailing in the global rammer market which also is a restraint for new equipment sales for major players and manufacturers existing in this market. Increasing demand from road traffic will require continuous construction and improvement of roads, in both urban and rural areas and will fuel the global rammer market by the end of 2025.
Global Rammers Market: Segmentation
On the basis of soil type, the global rammers market is segmented into
On the basis of product type,the global rammers market is segmented into
Battery Powered Rammer
Two Cycle Engine / Four Cycle Engine Rammer
Global Rammer Market: Region-wise Outlook
In terms of geography, the global rammer market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. Western Europe holds the largest market share in terms of revenue and is expected to grow at a steady CAGR over the forecast period. With rise in demand for road maintenance initiatives especially in emerging economies of India, China and Japan is expected to fuel the demand of global rammer market by the end of 2025. Latin America followed by Asia Pacific are others regional markets which are anticipated to grow at a steady CAGR with increasing activities for road safety and its maintenance.
Global Rammer Market: Key Players
Global rammer market is dominated by large number of regional and global players which include Wacker Neuson SE, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd and Sany Heavy Industries Limited. However, European players have a considerable market share in global rammer market and are highly competitive in terms of pricing and quality where in Chinese manufacturers with their low prices offer high growth to the China rammer market.
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